The euro 1.35 billion share capital increase of Piraeus Bank by cash contribution was completed with great success on Friday September 7th 2007.
The total number of shares asked both from those exercised their pre-emptive rights and those who had pre-subscription rights, amounted to 120.1 million shares compared to 67.5 million which were the new shares of the rights issue.
Thus, Piraeus Bank's share capital increase was over-subscribed by 1.78 times, i.e. accumulating total capital of euro 2.40 billion.
The commencement of trading for the new shares on the ATHEX will be on the forthcoming Monday September 17th 2007.
By the means of the concluded share capital increase by euro 1.35 billion, Piraeus Bank enhances significantly its strength, so as to continue at an even faster pace the growth of its operations and volumes, both in the domestic and the international markets.
The Bank's new business targets will be presented in its updated Business Plan, which will be published soon.